Breakthrough in Solar Power? A New Startup's Ambitious Plan for Space-Based Energy
Aetherflux, a startup founded by Robinhood co-founder Baiju Bhatt, aims to revolutionize solar power by launching a small satellite into low-Earth orbit. This initial step is designed to test the feasibility of collecting and transmitting solar energy from space, with plans to eventually scale up to provide continuous power.

Source: https://arstechnica.com/space/2024/10/solar-power-from-space-actually-it-might-happen-in-a-couple-of-years/